Nearing completion, circle east townhomes are 60 percent preleased
Posted August 26, 2012 in Articles
Author: Lee Chilcote, Fresh Water Cleveland
As the Circle East Townhomes near completion, 60 percent of the units are pre-leased, and eight of the 12 leased units have been snatched up by University Circle area employees. This proves the viability of new housing options in the area, says Chris Ronayne, Executive Director of University Circle Inc. (UCI).
"This is a great moment in time where the Circle is meeting East Cleveland," says Ronayne of the project, which features 20 townhouse-style apartments that are being developed on a former parking lot on Euclid Avenue in East Cleveland. "The fact that Circle area employees are leasing the apartments means that our Greater Circle Living program is working. Employees can get one month's free rent through this effort, and institutions and foundations are putting money into it."